Tuesday, 02 December 2008
updated 1 minute ago
16:40 UAE time

YOUR DIRECTORY /

Arabtec awarded $150mn contract

by This email address is being protected from spam bots, you need Javascript enabled to view it on Saturday, 04 October 2008

DEAL AWARDED: Arabtec is to build a 12-storey building in the Mudon development for Dubai Properties. (Getty Images)

Dubai's Arabtec Holding said on Saturday it was awarded a 550 million-dirham ($149.7 million) contract by Dubai Properties for a construction project.

The contract entails the construction of a 12-storey residential building in Mudon development, which is to be completed within two years, Arabtec said in a statement.

Arabtec is the United Arab Emirates' largest construction company by market value. (Reuters)

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